Maximize Your Earnings
What Are BinoBits (BB)?
BB points are the key to unlocking a share of the 100 million IOTX token + $2.5M DePIN token pool. By accumulating BB points, you gain access to various levels of rewards, depending on your ranking among participants.
With that setup in mind, let’s dive into the best strategies for collecting BB points and maximizing your rewards.
Consistency is key! By simply engaging with the IoTeX ecosystem each day, you can steadily build your BB point balance. Here’s how to get started:
Download the IoPay Wallet: Use IoPay to complete daily tasks like checking in, swapping, or transferring. Each action can earn you BB points daily:
Daily Check-In: +10 BB points
Swap: +5 BB points for the first swap
Transfer: +5 BB points for the first transfer
Interact via the Get Goated Season 2 Page: Visit okxevent.iotex.io and click the check-in button. This will take you to the event page, where you can complete an interaction to automatically check in.
Complete Web3 Tasks on Gate Task Square: Participating in Web3 tasks will reward you with free airdrops, and some interactions can bring in up to 1,000 BB points!
Staking is one of the highest-yield BB earning strategies!
Staking in IoPay:
BB points formula: BB Points = Staked Amount * Days Staked * 0.05 (with a minimum lock-in of 91 days and a maximum of 365 days).
For example, staking 100,000 IOTX for 100 days earns 500,000 BB points (~255% APY). Combined with the base 6-8% APY, the annualized yield can exceed 260%!
Points are awarded in a single lump sum 10 minutes after successful staking.
Note: To redeem, ensure that auto-staking is disabled. When the lock-in period ends, your staking is released automatically. BB are distributed daily.
Staking on Bedrock: BB points formula: For every 1 uniIOTX minted, you’ll receive 4 BB points. Assuming you mint 100,000 uniIOTX over a 94-day lock-in period, you’d earn approximately 400,000 BB points.
Estimated Total Yield: With the base APY of 5%, combined with the value of the BB points earned (~0.06 IOTX per BB point), your annualized yield can reach 90-95%.
Note: UniIOTX can also be used in DeFi for additional rewards, and the Bedrock staking redemption period is 94 days.
Get Goated Season 2 features 20 DePIN projects with a combined $2.5 million in project tokens. Each DePIN project offers unique social tasks to help you earn BB points and collect exclusive rewards:
Complete Social Tasks: Head to the GG platform or [Galxe](insert link) to finish the tasks set by each project.
Collect Project NFTs: By completing these tasks, you’ll earn project NFTs as rewards.
Earn BB Points Automatically: Your BB points will be distributed automatically based on the tier of the NFT you collect.
With these tasks, you can earn up to 5,000 BB points per project and gather project tokens from exciting DePINs like Network3 and Nubila, just as they approach their TGE. Don't miss this chance to grab DePIN tokens early!
Want to earn points while helping your friends join the action? The referral program rewards you with 10% of the BB points your invited friends earn. Simply create and share share your invitation link, and every time a friend participates and earns BB points, you’ll receive a bonus based on their total.
You can also earn BB points by engaging in cross-chain activities. This is especially beneficial if you’re interested in trying out other blockchain ecosystems.
ioTube Cross-Chain Transfers: Use ioTube to move supported assets across to IoTeX and earn 5 BB points for the first 10 transactions each day.
Orbiter.finance Transfers: Orbiter.finance also supports cross-chain transfers to IoTeX, with 1,000 BB points awarded per transaction.
If you’re familiar with DeFi, Get Goated Season 2 rewards BB points through engagement with DeFi projects in the IoTeX ecosystem. Here are some projects where you can participate to maximize your earnings:
Mimo v2: Mimo is the largest DEX on IoTeX, with deep liquidity and minimal slippage. Manually trading can help you accumulate BB points (fees apply). See the advanced strategies below on how holding LP tokens can help you maximize your earnings!
iZUMi: Another popular DEX, iZUMi (iZUMi.finance) offers BB rewards for contributing to LPs. See the advanced strategies below.
Loxodrome: Loxodrome offers a 7 million $veLOXO airdrop. You can use up to 50x leverage in perp trading to earn BB points, but be cautious of high leverage risks.
Quenta: With Quenta, you can engage in leveraged contract trading with up to 100x leverage to maximize BB points, though this option carries significant risk.
PinSwap: PinSwap is similar to Mimo, though its liquidity is currently lower.
Advanced Earning Strategies
If you’re interested in some methods to maximize your rewards, here are three strategies to consider:
A) Beginner-Friendly – Zero-Cost Interactions
Check in rewards: +10 BBs just for checking in!
DEX trades with minimal amounts: (e.g., $1) yields 50 BB points for the first 10 interactions each day, across seven DeFi protocols for a total of 350 BB points daily. Over a month, you could earn 10,500 BB points, worth approximately 1155 IOTX (~$50).
Social Tasks: Complete social tasks from the 20 DePIN projects, which collectively offer $2 million in rewards. About 30% of this pool is allocated for social tasks, providing a simple way to accumulate project tokens.
B) Ultimate Players – Earn Points Through High-Volume Trading
For those with 100,000 IOTX:
Volume Trading on Mimo or Izumi: These DEXs offer deep liquidity, ideal for volume-based BB point accumulation. Alternatively, use Quenta for leveraged contracts to accumulate points quickly.
BB Points Holding Bonus: For every $1 held in specific trading pairs, earn 1 BB point daily. Holding 100,000 IOTX (valued at $0.045) in these pairs earns 4,500 BB points/day, totaling 135,000 BB points/month—a yield of ~14,850 IOTX (~15% APY, over 180% annually).
Additionally, LP staking on DEX farms can yield over 100% APY, bringing total potential annualized yield up to around 300%.
C) Staking Strategy – High-Yield Rewards
Staking is the highest-yield BB points strategy:
Earn 0.05 BB points per 1 IOTX staked daily. For example, staking 100,000 IOTX for 100 days earns 500,000 BB points (~255% APY). Combined with the base 6-8% APY, the annualized yield can exceed 260%!
D) OKX Users get a 20% BB points boost.
Final Tips for Success
To get the most out of Get Goated Season 2, consistency and strategic engagement are key. By regularly participating in daily activities, staking wisely, inviting friends, and making the most of cross-chain and DeFi opportunities, you can rack up BB points quickly and claim your share of the 100 million $IOTX pool.Ready to start? Join now by heading to okxevent.iotex.io or goat.iotex.io and get in the game!
Last updated